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KIDS WEEK Kids Go Free to London Theatres

News   •   Aug 11, 2017 10:00 BST

​Kids go free to top London shows this August! Plus 50% off theatre parking with Q-Park!

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We've teamed up with Leeds Restaurant Week

Press Releases   •   Aug 09, 2017 12:41 BST

A week of fantastic offers in some of the best restaurants Leeds has to offer! Q-Park are very proud to be working in association with Eat Leeds Restaurant Week. The event will run from 14 to 20 August 2017.

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Is The UK Prepared For Electric Vehicles?

News   •   Jul 31, 2017 16:50 BST

With recent news that new diesel and petrol cars will no longer be sold in the UK from 2040, it’s important that the industry as a whole is prepared for change. The move comes as part of a Government ‘clean air’ policy, following a similar pledge in France, due to ban new petrol and diesel cars by the same year. But is the UK prepared for Electric Vehicles?

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This Summer - IT'S ON with Disney Pixar's Cars 3!

Press Releases   •   Jul 10, 2017 16:00 BST

This Summer – IT’S ON! Award winning parking provider Q-Park is celebrating the release of Disney Pixar’s Cars 3. Q-Park is giving away the chance to win a family weekend to The Goodwood Festival of Speed 2018. The motor racing event of the year is held at Goodwood Racing Circuit . One Q-Parker also receives free parking for three months at any Q-Park with an overall package worth over £2,000!

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A new parking experience for Manchester: Q-Park Deansgate North now open for business

Press Releases   •   Jul 03, 2017 19:30 BST

Q-Park is proud to announce the opening of a flagship three-storey parking facility at Deansgate North, Manchester.

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100% of Q-Park shareholders accept offer of KKR Infrastructure

Press Releases   •   Jun 14, 2017 11:32 BST

Partnership with KKR Infrastructure will support company’s growth strategy – KKR, a leading global investment firm, has today announced that 100% of the shareholders of Q-Park N.V. (Q-Park) have accepted its offer for all shares in Q-Park.

Vincent Policard, Director of KKR Infrastructure, said: “We are delighted to have received the approval of the full Q-Park’s shareholder base. We look forward to working with the company to support its growth strategy, team up with public and private partners to provide mobility solutions for the cities and offer Q-Park enhanced access to funding in the context of the anticipated consolidation of the fragmented parking industry.”

Frank De Moor, CEO of Q-Park, said: “This is an important milestone for Q-Park. KKR’s sector expertise, track record and a broad range of financial and operational capabilities make it the perfect partner for the next stage in the company’s development. I look forward to working closely with the KKR team as we capitalise on the opportunities ahead of us.”

Under KKR’s ownership, Frank De Moor, Chairman of the Management Board and CEO since 2014, and Marcello lacono, CFO since 2015, will continue to head the management team. All current arrangements with works councils, relevant trade unions, and Q-Park’s staff remain in place.

The transaction is subject to customary regulatory approvals and is expected to close in the second half of 2017. Q-Park’s ownership shifts from the current group of shareholders to KKR's infrastructure funds.

-Ends-

About KKR

KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world‐class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners' capital and brings opportunities to others through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE:KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.

About Q-Park

Q-Park is one of Europe’s leading parking services providers, with 871,449 parking spaces in 6,343 secure, clean, and well-managed parking facilities across ten Northwest European countries. Q-Park provides a high level of quality which is maintained by a workforce of 2,152 full-time employees with costs controlled through the use of increasingly smarter solutions and systems. We demonstrate that effective regulated and paid parking make an economic contribution to cities and society and that a positive parking experience contributes to how people enjoy their visit, journey, shopping, or commute. For more information about Q-Park, please visit www.q-park.com.

Media contacts

UK & International

Victor Mallet - KKR     E-mail: victor.mallet@finsbury.com   Phone: +44(0)20 7251 3801

Sacha Oerlemans - Q-Park N.V   E-mail: sacha.oerlemans@q-park.com  Phone: +31 627 830 359

Frank Jansen and/or Suzanne Bakker - Q-Park 

Citigate First Financial   E-mail: q-park@citigateff.nl      Phone: 31 621 542 369 / +31 611

The Netherlands 

Ciel Stevens - KKR    E-mail: Ciel.Stevens@hkstrategies.com    Phone: +31 20 404 47 07


France

Olivier Blain - KKR     E-mail: ob@addingvalueconseils.com       Phone: +33 6 72 28 29 20

Germany

Regina Frauen - KKR    E-mail: rfrauen@heringschuppener.com   Phone: +49 69 92 18 74 84

Partnership with KKR Infrastructure will support company’s growth strategy – KKR, a leading global investment firm, has today announced that 100% of the shareholders of Q-Park N.V. (Q-Park) have accepted its offer for all shares in Q-Park.

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Q-Park UK extends its Healthcare Parking portfolio with NHS Trust

Press Releases   •   Jun 11, 2017 10:15 BST

Award winning European parking provider, Q-Park UK has taken over the parking operation at two major satellite hospitals operated by Royal Cornwall Hospitals NHS Trust. The company has expanded its healthcare portfolio to now include St Michael’s Hospital in Hayle and West Cornwall Hospital in Penzance.

For many years, Q-Park has positively managed numerous hospital sites across the country including the parking operation at the Trusts’ main hospital site in Truro. The opportunity to manage the two new sites at Penzance and Hayle will run alongside the existing Truro contract until 2022.

The Royal Cornwall Hospitals NHS Trust will be upgrading the ticket machines, signage and lining in these car parks, to improve the existing facilities.

Adam Bidder, Managing Director for Q-Park commented “The healthcare sector is an important market for Q-Park and we’re delighted to be expanding our parking services at St Michaels and West Cornwall Hospitals. We understand that providing a quality parking experience for patients and visitors is vitally important and we’re delighted to be able to spread this approach to our new facilities. We’re delighted to be able to build on our positive relationship with the Trust.”

The Trust commented “We are pleased to be bringing together the contract for car parking across our hospital sites in Truro, Hayle and Penzance and look forward to continuing to work in partnership with Q-Park Limited in managing parking services for our visitors and staff. ”

For more information about Q-Park, please visit the website. 

Q-Park arrived in the UK in 2001 and is now one of the UK’s leading car park companies with 60 car parking facilities housing some 50,000 parking spaces in key locations in the UK with over 15 million visitors every year. (Including Aberdeen, Birmingham, Croydon, Glasgow, Leeds, Liverpool, London, Manchester, Nottingham, Reading, Sheffield and York.)

Q-Park partner with many different organisations to offer discounted parking to their customers. One such organisation is SOLT (Society of London Theatres) where theatre goers are given a 50% discount when they visit a West End Theatre.

2015 North of England Excellence Awards Winners of Q-Park Rewards Loyalty App – Special Category Award for Innovation.

Q-Park has won a RoSPA Health & Safety Award and also holds 59 ParkMark Safer Parking Scheme accreditations, 15 European Standard Parking Awards (ESPA) and a Silver Investors in People Award.

Q-Park offer customers many complimentary services at their parking facilities which include free baby buggy and umbrella loans as well as jump starters and heart defibrillators in case of emergencies.

Award winning European parking provider, Q-Park UK has taken over the parking operation at two major satellite hospitals operated by Royal Cornwall Hospitals NHS Trust. The company has expanded its healthcare portfolio to now include St Michael’s Hospital in Hayle and West Cornwall Hospital in Penzance.

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Q-Park N.V. Shareholders receive offer from KKR Infrastructure

Press Releases   •   May 25, 2017 11:18 BST

Maastricht, the NETHERLANDS, May 24th 2017 – Q-Park N.V. (“Q-Park”), a leading European parking services provider, today announces that the shareholder committee of Q-Park, representing the shareholders of Q-Park, has entered into an exclusivity agreement with KKR’s infrastructure investment platform (“KKR Infrastructure”), which has made an irrevocable and unconditional offer for the acquisition of 100% of the outstanding share capital of Q-Park. KKR Infrastructure has submitted this offer to all Q-Park shareholders for their acceptance. The Supervisory Board and Management Board of Q-Park unanimously support the transaction. Q-Park is currently owned by a group of shareholders consisting mainly of institutional investors, including pension funds and insurance companies. This offer follows a structured sale process which was initiated last year by the existing shareholders of Q-Park in order to further diversify their investments. The transaction represents an enterprise value of c. €2,950 million, or a multiple of EBITDA 2016 of over 15x.

Key Highlights

KKR is a leading, global investment firm that manages investments across multiple asset classes, including infrastructure. As of March 31st 2017, KKR has $138 billion of assets under management. The transaction is being made through KKR´s infrastructure funds.

KKR Infrastructure fully supports Q-Park’s long-term strategy and the ambition to play a leading role in the anticipated consolidation of a fragmented parking industry.

With its deep infrastructure, mobility and real estate sector experience as well as a strong track record of long-term and sustainable investments in regulated industries, KKR Infrastructure can offer Q-Park additional strategic, financial and technical support capabilities as well as enhanced access to funding for capturing future growth opportunities.

The offer is subject to acceptance by existing Q-Park shareholders and to customary regulatory approvals.

Frank De Moor, CEO of Q-Park, said: “Today’s announcement marks an important step for Q-Park. With KKR Infrastructure as a new and strong shareholder we have the best partner to accelerate the roll out of our existing strategic growth plans, explore suitable acquisitions and leverage our scale. We continuously strive to be a frontrunner in the industry by applying smart technology, combining best value with a seamless customer experience. This will also better position us for teaming up with public and private partners, launching new business propositions and provide mobility solutions for the challenges cities are increasingly facing.”

Jesus Olmos, Global Co-Head of KKR Infrastructure, said: “Q-Park offers us an investment opportunity that matches our long-term view on the characteristics of the parking industry and off-street parking in particular. Q-Park is a high quality company with a strong management team, a highly knowledgeable employee base and a well-diversified asset portfolio. KKR Infrastructure has full confidence in Q-Park’s management team and we look forward to supporting the current growth strategy by further strengthening Q-Park’s market leading position and further enhancing its reputation as a best-in-class parking operator.”

Q-Park Financial Performance

Q-Park has created a highly efficient operation with a prudent capital structure. This is reflected in our financial performance which shows a record performance in 2016 with a net revenue of €825 million and an EBITDA of €194.9 million. Q-Park’s existing capital structure and financing strategy will be maintained.

Governance, Management and Staff

Under the envisaged new ownership, Frank De Moor, Chairman of the Management Board and CEO since 2014, and Marcello Iacono, CFO since 2015, will continue to head the management team. Following completion of the transaction, the Supervisory Board will be brought in line with the new ownership structure.

The proposed change of ownership will not impact staff nor their terms of employment, recognising staff to play an ongoing instrumental role in the strategic growth plans for the years to come. As such, current arrangements with the works councils and relevant trade unions will also be maintained.

Q-Park will continue its operations as a standalone entity with headquarters, central management and key support functions in Maastricht, The Netherlands. The brand name and corporate identity are a strength and clear differentiator in the parking industry and will therefore also be maintained.

Shareholder Acceptance and Other Conditions

The irrevocable and unconditional offer is subject to acceptance by existing Q-Park shareholders and to customary regulatory approvals. Subject to required approvals, the transaction is expected to close in the second half of 2017.

Advisors

The Supervisory and Management Boards of Q-Park were advised by Stibbe and Alantra. De Brauw Blackstone Westbroek and J.P.Morgan acted as advisors to the shareholders of Q-Park. KKR Infrastructure was advised by Clifford Chance and ING.

About Q-Park

Q-Park is one of Europe’s leading parking services providers, with 871,449 parking spaces in 6,343 secure, clean, and well-managed parking facilities across ten Northwest European countries. We provide a high level of quality which is maintained by a workforce of 2,152 full-time employees with costs controlled through the use of increasingly smarter solutions and systems. We demonstrate that effective regulated and paid parking make an economic contribution to cities and society and that a positive parking experience contributes to how people enjoy their visit, journey, shopping, or commute. Our activities focus on providing services related to parking at specific locations: in or near multifunctional inner-city areas, at public transport interchanges, and at hospitals. We create value by providing high-quality functionality for built parking facilities and off-street parking at strategic locations. We do business with a long-term perspective and from a solid financial basis. By applying innovative technology and by working together with public and private partners, we offer sustainable, efficient, profitable, and customer-friendly parking solutions. For more information: www.q-park.com.

1 Data as per year-end 2016


Contacts:

Sacha Oerlemans - Q-Park N.V.

T +31 627 830 359

E sacha.oerlemans@q-park.com

Frank Jansen and/or Suzanne Bakker - Citigate First Financial

T +31 621 542 369 / +31 611 368 659

E q-park@citigateff.nl

Q-Park N.V a leading European parking services provider, today announces that the shareholder committee of Q-Park, representing the shareholders of Q-Park, has entered into an exclusivity agreement with KKR’s infrastructure investment platform, which has made an irrevocable and unconditional offer for the acquisition of 100% of the outstanding share capital of Q-Park.

Read more »
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Q-Park UK agrees 35-year lease with Alliance Ares at Piccadilly Place

Press Releases   •   May 16, 2017 13:02 BST

​Q-Park UK is delighted to announce the take-over of Piccadilly Place car park with Property Alliance Group and Ares Management. The 35-year lease agreement is the latest addition to the Q-Park portfolio in Manchester.

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Q-Park UK to attend Parking and Property 2017

Press Releases   •   May 16, 2017 11:55 BST

Q-Park UK is delighted to be exhibiting at this year’s Parking and Property 2017 in London. The annual conference for parking and property professionals will include award winning, European parking provider Q-Park UK on the 8th June 2017.

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About Q-Park

Q-Park is an independent international parking company which operates quality city centre parking facilities

Q-Park is one of the leading providers of parking facilities in Europe, whether wholly-owned, leased, managed or in a hybrid business model. Q-Park is notable for its quality approach and has a portfolio comprising over 5.800 parking facilities and 800.000 parking spaces and has strong market positions in 10 North-West European countries; the Netherlands, Germany, Belgium, Great Britain, France, Ireland, Denmark, Sweden, Norway and Finland.

Address

  • Q-Park
  • 72 Merrion Street
  • LS2 8LW Leeds
  • UK